Metals futures continue higher; mining shares weak

SAN FRANCISCO (CBS.MW) -- Metals futures continued higher in afternoon dealings, while metals mining shares remained weak. April gold is up $3.30 at $398.90 an ounce on the New York Mercantile Exchange. May silver is up 1.1 percent, May silver is up 1.9 percent, June palladium is up 0.9 percent, and April platinum is up 0.4 percent. Mining shares, however, were still down, with the CBOE Gold Index
$gox
losing 0.8 percent. "Because the rise in gold has been aided by short-term, unpredictable events, rather than longer-term monetary trends, the mining share investors have been reluctant to put their stamp of approval on the move," said Brien Lundin, editor of Gold Newsletter.

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